Madoff was big time player

Discussion in 'Trading' started by tradersboredom, Dec 13, 2008.

  1. tradersboredom

    tradersboredom Guest

    AND THE PEOPLE WHO COMPLAINED ABOUT THE UPTICK RULE AND MINIMUM 25,000 PDT RULE

    MADOFF IS THE MADE THOSE RULES HIMSELF AND RUBBER STAMPED IT.

    THE CORRUPT WAYS OF FRONTRUNNING, TRADING AGAINST CLIENTS PROBABLY BANKRUPTED MORE LEGITIMATE AND HONES MARKET MAKERS OR TRADERS. MADOFF INVESTMENTS AND MARKETM AKER FOR ''PIONEERS' FOUNDERS OF TRADING AGAINST CLIENTS.

    THIS NEWS IS BIGGER THAN I EXPECTED. THOSE LOSSES WILL MEAN LESS CAPITAL IN THE MARKET MARGIN CALLS AND LIQUIDATION OF ASSETS TO MEET MARGIN CALLS NOW THAT INVESTORS LOSS SO MUCH CASH. THE MONEY WAS NEVER THERE AND TOOK THREE YEARS TO COMPLETE TRANSFER THE MONEY OUT.


    By 2001,

    Madoff's firm was one of the THREE top market makers in Nasdaq stocks and


    the THIRD LARGEST FIRM firm matching buyers and sellers of securities on the New York Stock Exchange, according to Baron's


    http://biz.yahoo.com/ap/081213/wall_street_arrest.html

    WALL STREET NEVER AMAZES ME WITH MY PESSSISM.
     
  2. Second wave of redemptions should come soon.
     
  3. Illum

    Illum

    Well for all the people crying "those MMs are dirty mothe.... "

    Here you go, justice:)